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The profits of Najran Saudi Cement Company witnessed an increase of 282% to reach about 204 million riyals during 2020, compared to 53.5 million riyals in 2019.
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According to CNBC Arabia, the company stated in a statement that revenues rose by about 50% during the same period to reach 623 million riyals.
This is due to the increase in net profit mainly due to the increase in the amount of sales, the decrease in the cost of sales per ton and the decrease in financing expenses.
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